Recoup those expenses, my friend.

@Jonathan Small government actions have led to an unprecedented 40% increase in the money supply, 50-year record inflation, record increase in interest rates, bank failures, credit tightening, CRE recession, housing affordability issues, mobility issues, inventory issues, and massive impacts to the world economies, every investment class, and our families, kids, and friends like never before. 

We live in different worlds my friend.

Best decision I've ever made. 4-6% average annual appreciation rate, stable job growth, population growth, drivable to the Bay Area, close to Lake Tahoe, no state income tax, 4th lowest property taxes in the Nation, much more landlord friendly than CA, land constrained meaning limited supply, etc. 

I made the layout more user friendly, added a whole wall of closets in the main bedroom, totally gutted kitchen and bath.

I actually got across this thread while Googling data on rent-to-price ratios for a friend who was exploring Lakeland.

She is a friend of a friend and I know she does a lot of work in that area. 

Correct me if I'm wrong but VRBO is very clunky and not very host friendly.

The idea is spreading, and could spread to some other spots here that have traditionally been STR friendly. 

But there is no black and white guidance that I could find.And, in conclusion...1st conclusion: no FICA until the child's 18th birthday.2nd conclusion: tax law is muddy (I would add two capital letters, but it's a family-friendly forum)3rd conclusion: pay your CPA, we have to deal with it daily, and it takes skill